MIRA
INFORM REPORT
|
Report No. : |
345407 |
|
Report Date : |
19.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
RING AUTOMOTIVE LIMITED |
|
|
|
|
Formerly Known As : |
EVER 2535 LIMITED |
|
|
|
|
Registered Office : |
Volvox House Gelderd Road
Leeds Ls12 6na |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.09.2014 |
|
|
|
|
Date of Incorporation : |
06.12.2004 |
|
|
|
|
Com. Reg. No.: |
05305131 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
· Distribution of automotive products and accessories. ·
Wholesale Trade of Motor Vehicle Parts and
Accessories |
|
|
|
|
No. of Employee : |
126 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
UNITED KINGDOM - ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK has been a net importer of energy since 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output.
In 2008, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 20% by 2015. However, the deficit still remains one of the highest in the G7, standing at 6.0% in 2014.
In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.
The Bank of England (BoE) implemented an asset purchase program of �375 billion (approximately $586 billion) as of December 2014. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU).
|
Source
: CIA |
Company name
Company Name: RING AUTOMOTIVE LIMITED
Company No: 05305131
Company Status: Active - Accounts Filed
Company Summary
Registered Address
VOLVOX HOUSE
GELDERD ROAD
LEEDS
LS12 6NA
Trading Address
Volvox House
Gelderd Road
Leeds
West Yorkshire
LS12 6NA
Website Address http://www.ringautomotive.co.uk
Telephone Number 01132132000
TPS No
FPS No
Incorporation Date 06/12/2004
Previous Name EVER 2535 LIMITED
Type Private limited with Share Capital
FTSE Index -
Date of Change 20/04/2005
Filing Date of Accounts 05/06/2015
Currency GBP
Share Capital £2,800,000
SIC07 45310
Charity Number -
SIC07 Description WHOLESALE TRADE OF MOTOR VEHICLE PARTS AND ACCESSORIES
Principal Activity Distribution of automotive products and accessories.
Key Financials
Year to Date Turnover Pre
Tax Profit Shareholder Funds Employees
30/09/2014 £35,259,000 £3,743,000 £8,156,000 126
30/09/2013 £33,878,000 £3,173,000 £8,298,000 124
30/09/2012 £30,221,000 £2,487,000 £8,402,000 121
Mortgage Summary
Total Mortgage 6
Outstanding 3
Satisfied 3
Trade Debtors / Bad Debt Summary
Total Number of Documented Trade 24
Total Value of Documented Trade £21,936
Commentary
|
This company has been treated as a Large company in
respect of the rating/limit generated. |
|
|
This company's return on total assets employed ratio
indicates a highly efficient use of assets. |
|
|
This company has only made late payments on a low
percentage of invoices. |
|
|
This company's ratio of total liabilities to total assets indicates
the presence of moderate equity funding. |
|
|
The company has more cash than short term bank borrowings.
|
|
|
This company trades in an industry with a lower level of
corporate failures. |
|
CCJ
|
Total Number of Exact CCJs - |
0 |
Total Value of Exact CCJs - |
|
|
Total Number of Possible CCJs - |
0 |
Total Value of Possible CCJs - |
|
|
Total Number of Satisfied CCJs - |
0 |
Total Value of Satisfied CCJs - |
|
|
Total Number of Writs - |
- |
|
|
Payment Information
|
Total Current Directors |
5 |
|
Total Current Secretaries |
0 |
|
Total Previous Directors / Company Secretaries |
7 |
Current Directors
|
Name |
Ian Fisher |
Date of Birth |
22/08/1950 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
89 |
Function |
Director |
|
Appointment Date |
16/06/2015 |
|
|
|
Address |
8-12 York Gate, London, NW1 4QG |
||
|
Name |
Andrew Olaf Fischer |
Date of Birth |
24/08/1964 |
|
Officers Title |
Mr |
Nationality |
German |
|
Present Appointments |
111 |
Function |
Director |
|
Appointment Date |
16/06/2015 |
|
|
|
Address |
8-12 York Gate, London, NW1 4QG |
||
|
Name |
Jerzy Franciszek Skalski |
Date of Birth |
09/06/1956 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
20/04/2006 |
|
|
|
Address |
Volvox House, Gelderd Road, Leeds, LS12 6NA |
||
|
Name |
Jonathan Charles Richardson |
Date of Birth |
05/11/1960 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
97 |
Function |
Director |
|
Appointment Date |
16/06/2015 |
|
|
|
Address |
8-12 York Gate, London, NW1 4QG |
||
|
Name |
Kirstin Nicola Hawkins |
Date of Birth |
28/02/1972 |
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
8 |
Function |
Director |
|
Appointment Date |
03/07/2012 |
|
|
|
Address |
Volvox House, Gelderd Road, Leeds, LS12 6NA |
||
Current Company Secretary
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share
Count |
|
|
VOLVOX LEEDS (2012) LTD |
GBP |
2,800,000 |
ORDINARY |
1 |
100 |
Financials
Profit & Loss
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£35,259,000 |
4.1% |
£33,878,000 |
12.1% |
£30,221,000 |
2.8% |
£29,396,000 |
7.7% |
£27,307,000 |
|
Export |
£8,924,000 |
7.7% |
£8,288,000 |
11.1% |
£7,461,000 |
6.5% |
£7,007,000 |
20.1% |
£5,832,000 |
|
Cost of Sales |
£22,768,000 |
2.8% |
£22,151,000 |
11.8% |
£19,820,000 |
2.7% |
£19,299,000 |
8.7% |
£17,749,000 |
|
Gross Profit |
£12,491,000 |
6.5% |
£11,727,000 |
12.7% |
£10,401,000 |
3% |
£10,097,000 |
5.6% |
£9,558,000 |
|
Wages & Salaries |
£3,588,000 |
5.2% |
£3,412,000 |
11.2% |
£3,067,000 |
-8.8% |
£3,362,000 |
8.5% |
£3,099,000 |
|
Directors Emoluments |
- |
- |
- |
-100% |
£16,000 |
-94.2% |
£278,000 |
1.8% |
£273,000 |
|
Operating Profit |
£3,743,000 |
18% |
£3,172,000 |
25.6% |
£2,526,000 |
7.8% |
£2,343,000 |
-6.2% |
£2,498,000 |
|
Depreciation |
£180,000 |
16.1% |
£155,000 |
-0.6% |
£156,000 |
0.6% |
£155,000 |
-1.3% |
£157,000 |
|
Audit Fees |
£18,000 |
12.5% |
£16,000 |
- |
£16,000 |
14.3% |
£14,000 |
7.7% |
£13,000 |
|
Interest Payments |
- |
- |
- |
-100% |
£50,000 |
-63% |
£135,000 |
-28.2% |
£188,000 |
|
Pre Tax Profit |
£3,743,000 |
18% |
£3,173,000 |
27.6% |
£2,487,000 |
12.2% |
£2,216,000 |
-4.8% |
£2,328,000 |
|
Taxation |
-£835,000 |
-7.5% |
-£777,000 |
-21.8% |
-£638,000 |
-1.6% |
-£628,000 |
7.5% |
-£679,000 |
|
Profit After Tax |
£2,908,000 |
21.4% |
£2,396,000 |
29.6% |
£1,849,000 |
16.4% |
£1,588,000 |
-3.7% |
£1,649,000 |
|
Dividends Payable |
£3,050,000 |
22% |
£2,500,000 |
354.5% |
£550,000 |
57.1% |
£350,000 |
-30% |
£500,000 |
|
Retained Profit |
-£142,000 |
-36.5% |
-£104,000 |
-108% |
£1,299,000 |
4.9% |
£1,238,000 |
7.7% |
£1,149,000 |
Balance Sheet
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Tangible Assets |
£623,000 |
-6.7% |
£668,000 |
6.4% |
£628,000 |
-5% |
£661,000 |
1.8% |
£649,000 |
|
Intangible Assets |
£661,000 |
-8.4% |
£722,000 |
-7.9% |
£784,000 |
-7.2% |
£845,000 |
-4.2% |
£882,000 |
|
Total Fixed Assets |
£1,284,000 |
-7.6% |
£1,390,000 |
-1.6% |
£1,412,000 |
-6.2% |
£1,506,000 |
-1.6% |
£1,531,000 |
|
Stock |
£8,811,000 |
14.3% |
£7,709,000 |
3.2% |
£7,467,000 |
1.5% |
£7,360,000 |
12% |
£6,574,000 |
|
Trade Debtors |
£6,052,000 |
13.6% |
£5,329,000 |
-4.5% |
£5,583,000 |
10.6% |
£5,048,000 |
7.5% |
£4,696,000 |
|
Cash |
£523,000 |
-74.4% |
£2,045,000 |
107.8% |
£984,000 |
51.6% |
£649,000 |
-39.1% |
£1,065,000 |
|
Other Debtors |
£112,000 |
-5.1% |
£118,000 |
-41.9% |
£203,000 |
- |
£203,000 |
-48.3% |
£393,000 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£15,498,000 |
2% |
£15,201,000 |
6.8% |
£14,237,000 |
7.4% |
£13,260,000 |
4.2% |
£12,728,000 |
|
Trade Creditors |
£6,620,000 |
5.6% |
£6,266,000 |
11.7% |
£5,612,000 |
16.1% |
£4,835,000 |
-0.4% |
£4,855,000 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
£254,000 |
-2.7% |
£261,000 |
-4% |
£272,000 |
-78.5% |
£1,268,000 |
-38.9% |
£2,076,000 |
|
Miscellaneous Current Liabilities |
£1,739,000 |
-0.8% |
£1,753,000 |
29.3% |
£1,356,000 |
-11.9% |
£1,540,000 |
5.3% |
£1,463,000 |
|
Total Current Liabilities |
£8,613,000 |
4% |
£8,280,000 |
14.4% |
£7,240,000 |
-5.3% |
£7,643,000 |
-8.9% |
£8,394,000 |
|
Bank Loans & Overdrafts and LTL |
£13,000 |
- |
£13,000 |
85.7% |
£7,000 |
-65% |
£20,000 |
- |
0 |
|
Other Long Term Finance |
0 |
- |
0 |
-100% |
£7,000 |
-65% |
£20,000 |
- |
0 |
|
Total Long Term Liabilities |
£13,000 |
- |
£13,000 |
85.7% |
£7,000 |
-65% |
£20,000 |
- |
0 |
.
Capital &
Reserves
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Called Up Share Capital |
£2,800,000 |
- |
£2,800,000 |
- |
£2,800,000 |
- |
£2,800,000 |
- |
£2,800,000 |
|
P & L Account Reserve |
£5,356,000 |
-2.6% |
£5,498,000 |
-1.9% |
£5,602,000 |
30.2% |
£4,303,000 |
40.4% |
£3,065,000 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£8,156,000 |
-1.7% |
£8,298,000 |
-1.2% |
£8,402,000 |
18.3% |
£7,103,000 |
21.1% |
£5,865,000 |
Other Financial Items
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Net Worth |
£7,495,000 |
-1.1% |
£7,576,000 |
-0.6% |
£7,618,000 |
21.7% |
£6,258,000 |
25.6% |
£4,983,000 |
|
Working Capital |
£6,885,000 |
-0.5% |
£6,921,000 |
-1.1% |
£6,997,000 |
24.6% |
£5,617,000 |
29.6% |
£4,334,000 |
|
Total Assets |
£16,782,000 |
1.2% |
£16,591,000 |
6% |
£15,649,000 |
6% |
£14,766,000 |
3.6% |
£14,259,000 |
|
Total Liabilities |
£8,626,000 |
4% |
£8,293,000 |
14.4% |
£7,247,000 |
-5.4% |
£7,663,000 |
-8.7% |
£8,394,000 |
|
Net Assets |
£8,156,000 |
-1.7% |
£8,298,000 |
-1.2% |
£8,402,000 |
18.3% |
£7,103,000 |
21.1% |
£5,865,000 |
Cash Flow
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
Capital Employed |
£8,169,000 |
-1.7% |
£8,311,000 |
-1.2% |
£8,409,000 |
18.1% |
£7,123,000 |
21.4% |
£5,865,000 |
|
Number of Employees |
126 |
1.6% |
124 |
2.5% |
121 |
1.7% |
119 |
12.3% |
106 |
|
Accountants |
|
||||||||
|
Auditors |
KPMG LLP |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
|
||||||||
|
Bank Branch Code |
|
||||||||
Ratios
|
Date Of Accounts |
30/09/14 |
30/09/13 |
30/09/12 |
30/09/11 |
30/09/10 |
|
Pre-tax profit margin % |
10.62 |
9.37 |
8.23 |
7.54 |
8.53 |
|
Current ratio |
1.80 |
1.84 |
1.97 |
1.73 |
1.52 |
|
Sales/Net Working Capital |
5.12 |
4.89 |
4.32 |
5.23 |
6.30 |
|
Gearing % |
0.20 |
0.20 |
0.10 |
0.30 |
0 |
|
Equity in % |
50.60 |
52.30 |
56.50 |
51 |
43.80 |
|
Creditor Days |
68.34 |
67.32 |
67.59 |
59.87 |
64.71 |
|
Debtor Days |
62.47 |
57.25 |
67.24 |
62.50 |
62.59 |
|
Liquidity/Acid Test |
0.77 |
0.90 |
0.93 |
0.77 |
0.73 |
|
Return On Capital Employed % |
45.81 |
38.17 |
29.57 |
31.11 |
39.69 |
|
Return On Total Assets Employed % |
22.30 |
19.12 |
15.89 |
15 |
16.32 |
|
Current Debt Ratio |
1.05 |
0.99 |
0.86 |
1.07 |
1.43 |
|
Total Debt Ratio |
1.05 |
0.99 |
0.86 |
1.07 |
1.43 |
|
Stock Turnover Ratio % |
24.98 |
22.75 |
24.70 |
25.03 |
24.07 |
|
Return on Net Assets Employed % |
45.89 |
38.23 |
29.60 |
31.19 |
39.69 |
Report Notes
|
There are no notes to display. |
Status History
|
No Status History found |
|
Date |
Description |
|
24/06/2015 |
Mr J.M. Hall has left the board |
|
24/06/2015 |
New Board Member Mr J.C. Richardson appointed |
|
24/06/2015 |
New Board Member Mr A.O. Fischer appointed |
|
24/06/2015 |
New Board Member Mr I. Fisher appointed |
|
23/06/2015 |
Payment Data Update Recieved |
|
18/06/2015 |
New Accounts Filed |
|
19/12/2014 |
Annual Returns |
|
25/06/2014 |
New Accounts Filed |
|
20/12/2013 |
Annual Returns |
|
10/06/2013 |
New Accounts Filed |
|
25/12/2012 |
Annual Returns |
|
06/07/2012 |
Mr I.A. Pollitt has left the board |
|
06/07/2012 |
New Board Member Ms K.N. Hawkins appointed |
|
04/04/2012 |
New Accounts Filed |
|
21/12/2011 |
Annual Returns |
Previous Company
Names
|
Date |
Previous Name |
|
20/04/2005 |
EVER 2535 LIMITED |
Writ Details
|
No writs found |
Statistics
|
Group |
28 companies |
|
Linkages |
1 companies |
|
Countries |
In 1 countries |
Summary
|
Holding Company |
VOLVOX LEEDS (2012) LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
RG INDUSTRIES LLP |
Group Structure Full
|
Company Name |
|
Registered Number |
Latest Key
Financials |
Consol. Accounts |
Turnover |
|
|
|
OC366025 |
31.12.2014 |
Y |
£78,493,000 |
|
|
|
08625177 |
31.12.2014 |
N |
|
|
|
|
08625207 |
31.12.2014 |
N |
£639,000 |
|
|
|
06835236 |
31.12.2013 |
N |
|
|
|
|
01032591 |
31.12.2014 |
Y |
£34,494,000 |
|
|
|
09256021 |
- |
N |
|
|
|
|
09256279 |
- |
N |
|
|
|
|
09546762 |
- |
N |
|
|
|
|
09547710 |
- |
N |
|
|
|
|
07725967 |
30.09.2014 |
Y |
£52,039,000 |
|
|
|
07726392 |
30.09.2014 |
N |
£1,141,000 |
|
|
|
05394180 |
30.09.2014 |
N |
|
|
|
|
05395053 |
30.09.2014 |
N |
|
|
|
|
05393377 |
30.09.2014 |
N |
£3,738,000 |
|
|
|
05305131 |
30.09.2014 |
N |
£35,259,000 |
|
|
|
01457632 |
30.09.2014 |
N |
|
|
|
|
05393378 |
30.09.2014 |
N |
£11,028,000 |
|
|
|
07680829 |
31.12.2014 |
N |
|
|
|
|
07664320 |
31.12.2014 |
N |
£421,000 |
|
|
|
08556006 |
31.12.2014 |
N |
|
|
|
|
07680845 |
31.12.2014 |
N |
£7,361,000 |
|
|
|
03616460 |
31.12.2014 |
N |
|
|
|
|
01989923 |
31.12.2014 |
N |
£14,419,000 |
|
|
|
08028460 |
31.12.2014 |
N |
|
|
|
|
08028855 |
31.12.2014 |
Y |
£22,219,000 |
|
|
|
06055050 |
31.12.2013 |
N |
|
|
|
|
04181488 |
31.12.2013 |
N |
|
|
|
|
01994112 |
31.12.2013 |
N |
£20,297,136 |
RG
INDUSTRIES LLP 
GOODRIDGE
(
GOODRIDGE
LIMITED Other Linked
Companies
|
Name |
|
Number |
Latest Key
Financials |
Turnover |
|
GOODRIDGE (BENELUX) B.V. |
|
27230193 |
31.12.2013 |
|
Mortgage Details
|
Mortgage Type: |
|
||
|
Date Charge Created: |
16/06/15 |
|
|
|
Date Charge Registered: |
22/06/15 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
LLOYDS BANK PLC; |
||
|
Amount Secured: |
|
||
|
Details: |
CONTAINS FIXED CHARGE.CONTAINS NEGATIVEPLEDGE. |
||
|
Mortgage Type: |
AN OMNIBUS GUARANTEE AND SET-OFF AGREEMENT |
||
|
Date Charge Created: |
04/11/11 |
|
|
|
Date Charge Registered: |
10/11/11 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
LLOYDS TSB BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM EITHER THE COMPANY OR
ANY ONE OR MORE OF THE OTHER PARTIES TO THE AGREEMENT TO THECHARGEE |
||
|
Details: |
ANY SUMS OR SUMS STANDING TO THE CREDITOF ANY ONE OR MORE
OF ANY PRESENT OF FUTURE ACCOUNTS OF THE COMPANIES WITH THE BANK WHETHER SUCH
ACCOUNTS BE DENOMINATED IN STERLING OR IN A CURRENCY OR CURRENCIES OTHER THAN
STERLING |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
04/11/11 |
|
|
|
Date Charge Registered: |
10/11/11 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
LLOYDS TSB BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY
AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED
CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
21/02/08 |
|
|
|
Date Charge Registered: |
07/03/08 |
|
|
|
Date Charge Satisfied: |
31/10/12 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
|
||
|
Details: |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY
AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, UNCALLED CAPITAL,
BUILDINGS, FIXTURES, FIXEDPLANT & MACHINERY SEE IMAGE FOR FULL DETAILS |
||
|
Mortgage Type: |
AMENDMENT DEED |
||
|
Date Charge Created: |
21/02/08 |
|
|
|
Date Charge Registered: |
07/03/08 |
|
|
|
Date Charge Satisfied: |
31/10/12 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
|
||
|
Details: |
L/H LAND ON THE WEST SIDE OF BROADWAY HYDE T/NO. GM12514
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS
PRESENT AND FUTURE, INCLUDING GOODWILL, BOOK DEBTS, UNCALLED CAPITAL,
BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGE FOR FULL DETAILS |
||
|
Mortgage Type: |
COMPOSITE GUARANTEE AND DEBENTURE |
||
|
Date Charge Created: |
18/04/05 |
|
|
|
Date Charge Registered: |
25/04/05 |
|
|
|
Date Charge Satisfied: |
31/10/12 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
|
||
|
Details: |
L/H LAND ON THE WEST SIDE OF BROADWAY HYDE T/NO GM12514.
BY WAY OF FIXED CHARGEALL OTHER PROPERTY, ALL COMPUTER VEHICLES EQUIPMENT,
THE BENEFIT OF ALL CONTRACTS, ALL CHARGES SECURITIES, THE SECURITYACCOUNTS,
THE INTELLECTUAL PROPERTY ANDALL THE GOODWILL AND UNCALLED CAPITAL. ASSIGNS
THE RELEVANT CONTRACTS, THE INSURANCES, THE SECURITY ACCOUNTS AND ALL
RECEIVABLES. FLOATING CHARGE ALL ASSETS AND UNDERTAKING AND HERITABLE
PROPERTYSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
Creditor Details
|
|
Total Number |
Total Value |
|
Trade Creditors |
0 |
- |
|
No Creditor Data |
||
Trade Debtors / Bad Debt Detail
|
|
Total Number of Documented Trade |
Total Value of Documented Trade |
|
|
Trade Debtors |
24 |
£21,936 |
|
|
Company Name |
Amount |
Statement Date |
|
|
Motorlogic Limited |
£8,375 |
15/04/2014 |
|
|
K & C Auto Factors Limited |
£1,754 |
16/03/2012 |
|
|
Camerons Motor Stores Limited |
£1,650 |
27/04/2012 |
|
|
Resource Link Limited |
£1,343 |
19/09/2013 |
|
|
R J S Motor Factors Limited |
£1,103 |
10/01/2013 |
|
|
Motaman (Salisbury) Limited |
£1,066 |
12/03/2010 |
|
|
Walsall Motor Spares Ltd |
£971 |
15/10/2014 |
|
|
K & J Brakes & Hoses Limited |
£939 |
08/09/2010 |
|
|
Toggs Leisure Limited |
£710 |
29/04/2010 |
|
|
Gwynedd Auto Parts Limited |
£571 |
09/03/2011 |
|
|
Car Crazy Motor Stores Ltd |
£457 |
27/10/2010 |
|
|
Foreign Autoparts (Gloucester) Ltd |
£360 |
18/09/2012 |
|
|
Oxford Car Audio Limited |
£343 |
06/12/2011 |
|
|
Autoparts And Accessories Ltd |
£283 |
30/07/2010 |
|
|
Sargents Factors Limited |
£267 |
01/06/2012 |
|
|
St Motorparts Ltd |
£248 |
17/02/2015 |
|
|
Automania Motor Factors Limited |
£237 |
24/02/2014 |
|
|
Autofactors Parts And Distribution (UK) Ltd |
£224 |
10/06/2013 |
|
|
New Cross Auto Spares Ltd |
£207 |
22/12/2014 |
|
|
Autoden (Glossop) Limited |
£203 |
10/06/2014 |
|
|
Autofast Motor Factors Limited |
£192 |
17/02/2015 |
|
|
Hunters Autos Limited |
£171 |
07/05/2013 |
|
|
Pedpit Motor Stores Limited |
£150 |
07/10/2013 |
|
|
T S Motaquip Limited |
£112 |
13/09/2011 |
|
Previous Director/Company Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
|
Ian Anthony Pollitt |
0 |
9 |
|
|
Anthony Frederick Welham |
9 |
91 |
|
|
Anthony Frederick Welham |
9 |
91 |
|
|
William Anthony Price |
0 |
8 |
|
|
EVERDIRECTOR LIMITED |
137 |
595 |
|
|
SILENTBRAND LIMITED |
723 |
1163 |
|
|
John Maddison Hall |
8 |
44 |
|
|
Average Invoice Value |
Ł258.93 |
|
|
|
Invoices available |
180 |
|
|
|
Paid |
173 |
|
|
|
Outstanding |
7 |
|
|
|
Trade Payment Data is information that we collect from
selected third party partners who send us information about their whole sales
ledger. |
|
|
Within Terms |
0-30 Days |
31-60 Days |
61-90 Days |
91+ Days |
|
Paid |
66 |
93 |
6 |
5 |
3 |
|
Outstanding |
5 |
0 |
1 |
1 |
0 |
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.97 |
|
UK Pound |
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation
is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.